Foot Locker, Inc. (NYSE: FL) has reported a internet loss for the second quarter of 2024 when the footwear retailer’s gross sales elevated modestly.
Revenues elevated 2% yearly to $1.90 billion within the second quarter. Excluding the impact of overseas trade fee fluctuations, gross sales rose by 2.5%. Comparable-store gross sales had been up 2.6%.
The corporate reported a internet lack of $12 million or $0.13 per share for the July quarter, on a reported foundation, in comparison with a lack of $5 million or $0.05 per share within the corresponding prior-year interval. On an adjusted foundation, internet loss was $0.05 per share in Q2, in comparison with a revenue of $0.04 per share within the prior-year quarter.
